What Does Autonomous Consumption Refer To

question 146

Multiple Choice

What does autonomous consumption refer to?

• A)The level of consumption spending at break-even income.
• B)The level of consumption spending which is independent of the income level.
• C)The level of consumption spending which is independent of the rate of interest.
• D)The amount of consumption spending when saving is zero.
• E)The poverty-line level of consumption.

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Definitions:

Environmental Resistance

The sum of environmental factors like predation, competition, and disease that limit the growth of populations and maintain ecosystem balance.

Resource Supplies

The availability of materials, goods, or services that can be used to support life, industry, or economic activity.

Replacement-level Fertility

The fertility rate that maintains a population's size across generations, usually about 2.1 children per woman in most developed countries.

Average Replacement-level

The fertility rate at which a population exactly replaces itself from one generation to the next, without migration.